Following two weeks of debate, the Senate approved $483 billion in additional stimulus on Tuesday to replenish the Payroll Protection Program (PPP) and provide new funding for small businesses, hospitals, and coronavirus testing.
Initially, around $350 billion was set aside for the PPP, but the money ran out in a matter of two weeks, leaving thousands of small businesses left out in the cold.
The additional funding for the PPP will total $331 billion with $60 billion set aside for smaller banks and community lenders, and is the second-largest of the four coronavirus response bills so far. The House will vote on the bill Thursday and President Donald Trump has pledged to sign it.
Source: AP News, April 2020